In this video, I walk through the recent surge in market volatility, with a strong focus on metals and the risk that this instability could spread into stocks and the US dollar. I explain my broader dollar index outlook, highlighting extreme positioning, Elliott wave scenarios, and why stabilization or a reversal should not come as a surprise. I cover key FX pairs, including EUR/USD, GBP/USD, USD/JPY, AUD/USD, and NZD/USD, pointing out where trends may be mature and where I prefer to stay patient.
I also discuss why commodity currencies continue to look relatively stronger compared to the euro and pound. On equities, I review the S&P 500 structure, warning about late-stage patterns and the risk of reversals if the dollar starts to strengthen. I spend time on metals, explaining the recent sharp selloffs, liquidations, and why consolidation or short-term rebounds are more likely than a straight continuation higher.
I then move into crypto, covering Bitcoin, Ethereum, and Ripple, outlining key support zones and why the broader correction may not be finished yet. I also touch on MicroStrategy, recent Bitcoin purchases, and upcoming earnings that could drive volatility.
Grega
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